| | Business Summary | | MBNA
Corporation,
a
registered
bank
holding
company,
is
the
parent
company
of
MBNA
America
Bank,
N.A.
(the
Bank).
The
Bank
has
two
wholly
owned
foreign
bank
subsidiaries,
MBNA
Europe
Limited,
formerly
known
as
MBNA
International
Bank
Limited
and
MBNA
Canada
Bank.
Through
the
Bank,
the
Corporation
is
an
independent
credit
card
lender
and
an
issuer
of
affinity
credit
cards,
marketed
primarily
to
members
of
associations
and
customers
of
financial
institutions.
In
addition
to
its
credit
card
lending,
the
Company
also
makes
other
consumer
loans
and
offers
insurance
and
deposit
products.
The
Company
is
also
the
parent
of
MBNA
America
(Delaware),
N.A.,
a
newly
chartered
national
bank
converted
from
a
pre-existing
state
chartered
bank
that
offers
home
equity
loans,
aircraft
loans
and
corporate
loan
products. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | KRB
is
a
bank
holding
company
for
MBNA
America
Bank.
Through
the
bank,
KRB
also
offers
credit
cards,
consumer
loans,
insurance
and
deposit
products.
For
the
six
months
ended
6/30/01,
interest
income
rose
13%
to
$1.55
billion.
Net
interest
income
after
loan
loss
prov.
fell
47%
to
$209.5
million.
Earnings
applicable
to
Common
rose
33%
to
$691.2
million.
Net
interest
income
reflects
higher
loan
receivables,
offset
by
higher
rates
paid.
Earnings
reflect
increased
securitization
income. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Alfred Lerner, 67
Chairman,
CEO | $17M | -- | Charles Cawley, 60
Pres,
Director, and Chairman and CEO of the Bank | 18M | $22M | Scott Kaufman, 51
CFO,
Exec. VP, Chief Accounting Officer, Treasurer | 10M | -- | John Scheflen, 54
Exec.
VP, Secetary, Gen. Counsel, and Sec. and Cashierw of the Bank | -- | -- | Gregg Bacchieri, 45
Exec.
VP | -- | -- | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/k/krb.gif)